$40 million of student loans were garnished even when student loans were supposed to be paused.
. However, somehow, your wages were improperly garnished to pay your student loans. Here’s what happened.provided by Federal Student Aid, the Student Borrower Protection Center alleges that guarantee agencies that manage the Federal Family Education Loan Program — which are privately-owned student loans issued prior to 2010 by banks and financial institutions and were guaranteed by the federal government — didcomply with orders from the U.S.
Department of Education to stop garnishing wages from student loan borrowers whoOne guarantee agency continued to collect $3.9 million in wages from defaulted FFELP student loan borrowers after the March 2020 halt to wage garnishment ;$12.9 million in cumulative wages garnished since October 2020, but as of June 2021 still had not refunded these improper wage garnishments, despite orders from the Education Department to do so; $24.
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